Taxation Laws Amendment Act 1994 (56 of 1994)
Part 3 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
Division 6 Penalties for over-franking dividends
47 Object of Division
The object of this Division is to alter the rules about over-franking of dividends so that liability for franking additional tax is not affected by an initial payment of company tax that reduces franking deficit tax by the amount calculated according to subsection 160AQJ(2).
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